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Apples iPhone led the charge in Indias booming smartphone exports, contributing significantly to a record 22.24% growth in overall electronics exports, which surpassed $20 billion in the first nine months of FY24.
The brokerage cut Apples price target by $15, to $205, and downgraded its view on the stock to “neutral” from “overweight”, commenting that growth rates have peaked for unit sales of iPhones. On Tuesday, Barclays downgraded the Apple stock to “underweight”, which is equivalent to a “sell” rating.
Apple Iphone: The brokerage cut Apple’s price target by $15, to $205, and downgraded its view on the stock to “neutral” from “overweight”, commenting that growth rates have peaked for unit sales of iPhones. On Tuesday, Barclays downgraded the Apple stock to “underweight”, which is equivalent to a “sell” rating.
2021 in tech: Apple got cheaper, OnePlus dropped the ball, and Chinese laptops redefined value